A common market doesn’t mean common prices for energy across Europe

If you’re operating in Europe, our latest European Energy and Sustainability Services podcast series to be launched covers commodity markets important to businesses managing facilities and contracts across Europe.

Google spin-off Malta raises $50m for long duration energy storage system

Its system can provide a daily or weekly load cycle by efficiently storing up to 200 hours of energy storage, though early systems will focus on current market applications in need of 10 to 12-hour durations

Centrica’s profits collapse by 31% in 2020

The energy supplier also reported a £362 million loss from continuing operations

German solar batteries demand soar by nearly 50% in 2020

The annual market for stationary battery storage will double by 2025, new report estimates

EU approves €254m Romanian aid to upgrade district heating system

The district heating system in Bucharest is the largest of its kind in the EU and the second largest in the world, serving 1.2m people

SSE Renewables and Acciona set up Iberian offshore wind alliance

They have signed an exclusivity agreement for the 50/50 joint venture to enter the emerging Spanish and Portuguese offshore wind markets

US energy consumption collapses to lowest level in three decades

The losses in electricity consumption were minimised due to an increase in residential use, a new report finds

Wind turbine giant Vestas announces 300 layoffs

The manufacturer decided to consolidate three factories in Colorado

EIB backs plant proteins and green chemistry with €50m loan

Funding will support the production of proteins for animal feed from oilseeds

French battery firm granted €50m from EU bank to support growth

The loan will finance the strategic development of the company through the expansion of its range of products for 100% battery-powered, hydrogen hybrid and thermal hybrid vehicles